While the population of Nevada hovers right around the 2 million mark, the city of Las Vegas alone houses nearly 40 million tourists annually. Combined with rugged mountains and harsh desert terrain, having a good car insurance policy is very important for all residents of the Silver State.
When you’re looking for low cost Nevada car insurance quotes , let CarInsuranceQuotes.com do the research for you. All Nevada drivers need to do is enter their Zip code and then answer some general driving history questions and then CarInsuranceQuotes.com will search our online partners for the lowest available rates, allowing our customers to choose the car insurance policy that’s right for them.
Nevada Car Insurance Minimums
Every state has set minimum car insurance requirements to help protect motorists when they are involved in an accident. In the state of Nevada, all motorists are required to obtain at least 15/30/10 liability coverage for each vehicle they own. The liability policy covers monetary damages for bodily injury and property damage for the other vehicle, its occupants and other property when the insured party is at fault in an accident.
• Bodily Injury Liability- Covers medical expenses for the occupants of the other vehicle. The minimum liability coverage will pay up to $15,000 for a single person and a maximum of $30,000 for more than one person involved in the accident.
• Property Damage Liability- Pays a maximum of $10,000 for damages to the other driver’s vehicle as well as personal property such as a person’s home as well as public property such as guard rails, road signs and traffic signals.
The minimum coverage may not cover all the damages because of the rising costs of medical treatment and repairs. This is why the state of Nevada highly recommends that every resident obtains a liability policy greater than the minimum required by state law. It is also recommended, though it is not required, that every Nevada driver have Comprehensive and Collision coverage for their vehicle in the event that they are found to be at fault in an accident or their vehicle is damage by wildlife or other natural event, such as a thunderstorm.
Many people have loans on their vehicle. Unfortunately, the moment you drive a vehicle off the lot, its value drops substantially. When a car is considered to be totaled by an insurance company, they will only pay what the Kelly Blue Book says it is worth, leaving the excess to be paid by the insured person. To compensate for this, Nevada residents can obtain Gap coverage for their vehicles. Gap coverage will essentially “fill the gap” that other insurance coverage did not.
While Nevada state law requires every motorist to maintain the minimum coverage for their vehicles, many people do not abide by this law. Along with the fact that Nevada is a huge tourist state and many states minimum requirements do not meet Nevada standards, the state of Nevada also recommends that all motorists have Uninsured/Underinsured Motorist protection for their vehicles to pay for damages when the other driver’s insurance coverage is insufficient or their vehicle is damaged in a hit and run.
Between 2006 and 2007, Nevada was one of the few states that actually saw a rise in the average its residents pay for their car insurance premiums, up 5.7% from $1942 to $2060. Fortunately, CarInsuranceQuotes.com can help Nevada residents get the best deals possible for their car insurance policies when they use our online service. CarInsuranceQuotes.com shops car insurance companies to find the best Nevada car insurance quotes from partners our customers can trust.